The Florida Insurance Glossary, designed to help Florida residents better understand the terms used.



Hard market:  A condition in the insurance marketplace where available insurance is in short supply and expensive.

Hazard:  A condition or environment that increases the chance of an insurance payout.

Hired Auto:  Optional coverage on a business auto policy that extends coverage to motor vehicles that are rented,
borrowed or leased by the business.

Heist:  To perpetrate a robbery, steel, a named covered peril in insurance policies.

H.M.O:  acronym for health maintenance organization which is a corporation financed by insurance premiums to
provide healthcare to their participants.

Hold Harmless:  a legal term which describes a condition or provision whereby an individual or corporation accepts
all future responsibilities after a claim has been settled.

Hurricane:  A severe tropical weather system and a named covered peril in insurance policies.

Hybrid Vehicle:  A vehicle that uses two or more distinct power sources to attain increased fuel efficiency.
Florida Insurance Glossary Terms "H"
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